CPJ becomes second MoBay company to seek Junior Market listing

CARIBBEAN Producers Jamaica Limited (CPJ) will be the second in the Hart Group of companies to seek listing on the Junior Market of the Jamaica Stock Exchange (JSE).

The company will announce its intention to seek listing through an initial public offer (IPO) at a press conference to be held tomorrow afternoon in Montego Bay.

If CPJ is successful, it will also be the second Western Jamaica company, after Cargo Handlers, to list on the Junior Market.

The CPJ IPO will be handled by Mayberry Investments Limited (MIL) who were also lead brokers to the Cargo Handlers IPO last year.

CPJ was founded in 1994 to service the hospitality industry as an integrated food service distributor before it formed a retail sales division in 2003 to service the market for its international wines and spirits. CPJ also recently expanded its distribution facilities in Kingston to 18,000 square feet to accommodate the growing demand for its branded beverages in the retail market. The company distributes a wide range of beverages, wines, spirits and food.